Please provide an answer for the following business law question: Thank you very much!

Phung orally agreed to sell a thoroughbred horse to Presti for $60,000. When Presti sent a check in payment, Phung told him that he intended to hold the check for a month for tax purposes. Phung retained possession of the horse. While the check remained uncashed, a disagreement arose between Phung and Presti. Phung announced that he would not go through with the transaction and that, because the contract was oral, it was unenforceable. Presti claimed that his sending the check was payment and this action made the oral contract valid and enforceable. Phung denied accepting payment. Is Presti's claim that that sending the check made the contract enforceable, valid?

II. Issue - What is the question of law?

III. Holding - What is your decision?

V. Reasoning - What principles of law did you base your decision on?

Question 6 The alternatives 1 and 2 in the following payoff table represent the Answer saved two possible manufacturing strategies that the EKA manufacturing Marked out of company can adopt. The level of demand affects the success of 1.00 both strategies. The states of nature (Si, i = 1, 2, 3) represent the Remove flag levels of demand for the company products. $1, $2 and $3 characterize high, medium, and low demand respectively. The payoff values are in thousands of dollars. States of nature Tin SI Alternative (strategy) 1 10 80 Alternative (strategy) 2 60 120 The best alternative (course of action) for the EKA manufacturing company using the maximin criterion is strategy _which assures a guaranteed minimum payoff of Select one: a. 2. $120,000 b. 1. $10,000 a 2. $50.000 ( d. 2. $80,060 De 1, $100.000Q4. What type of collaboration will you use and the benefits you will achieve by integrating these processes among all levels of the hierarchy? Explain with the help of Time/Space Collaboration Matrix. Discuss the cross functional nature of different functional areas within the business and how information system integrates all of these.Question 21 (1 point) Build the Opportunity Loss (Regret) table for the below data and answer the following question DA: Decision Alternative 12 State of Nature Decision Alternative Good Bad DA1 5.0 3.0 15 DA2 1.5 8.1 DA3 10.2 DA4 5.3 5.2 A decision of DA2 would mean an opportunity loss of 18 in state of nature Good. (Round to 1 decimal place) Your Answer: 21 AnswerAll of the following affect whether companies sell direct to consumers or go through indirect channels except: O Nature of the product or service The nature of the producer firm The size of the competition The nature of the product or service D Question 8 1 pts The distribution channel, as an entity, creates value. True False D Question 9 1 pts Intensive coverage Is preferred when a product is sparsely distributed and awareness is low. O False